SMU Data and Models
April 30, 2017
SMU Price Momentum Still at Neutral (why?)
Written by John Packard
For a number of weeks now (?) Steel Market Update has had our Price Momentum Indicator pointing toward Neutral as opposed to Higher or Lower. Over the past couple of weeks flat rolled prices have been coming off their highs and yet SMU continues to keep our Price Momentum Indicator at Neutral.
What gives? Why haven’t we adjusted our Indicator to reflect the slippage that we are reporting in our Price Index?
